Fed govt orders strict compliance with MTEF to boost budget credibility
The Federal Government has directed all Ministries, Departments and Agencies (MDAs) to strictly comply with the provisions of the Medium-Term Expenditure Framework (MTEF), describing adherence to the framework as fundamental
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The Federal Government has directed all Ministries, Departments and Agencies (MDAs) to strictly comply with the provisions of the Medium-Term Expenditure Framework (MTEF), describing adherence to the framework as fundamental to strengthening the credibility and transparency of Nigeria’s budget process.
The Secretary to the Government of the Federation, George Akume, gave the directive in Abuja when the management team of the Fiscal Responsibility Commission (FRC), led by its Executive Chairman, Victor Chinmerem Muruako, paid him a courtesy visit.
Akume stressed that strict compliance with the MTEF by all MDAs is mandatory to safeguard the integrity of the national budget and ensure a coordinated, disciplined fiscal environment capable of supporting sustainable economic growth.
According to a statement issued by the Head of Information and Public Relations in the Office of the SGF, Dewan Nengak Goshit, Akume said, “the Medium-Term Expenditure Framework (MTEF) continues to serve as a critical instrument for aligning public expenditure with national development objectives. It ensures predictability, coherence and sustainability in budgeting.
“I wish to reiterate that all Ministries, Departments and Agencies must strictly adhere to the provisions of the MTEF. Compliance enhances the credibility of our budget process and ensures that annual appropriations are anchored on realistic macroeconomic assumptions and revenue forecasts”, he said.
The SGF noted that fiscal discipline and consistency remain essential to maintaining macroeconomic stability, reducing waste and leakages, and directing scarce national resources toward sectors that directly improve citizens’ welfare.
He commended the Fiscal Responsibility Commission for its oversight role in monitoring compliance with the Fiscal Responsibility Act across all tiers of government, urging it to further strengthen its monitoring, reporting and enforcement mechanisms.
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Akume emphasised that the timely preparation and publication of audited financial statements, budget implementation reports and other statutory disclosures are vital to strengthening public trust and reinforcing investor confidence.
“In an increasingly interconnected global financial environment, Nigeria must continue to demonstrate that its fiscal governance systems are credible, predictable and transparent,” he added.
According to him, the engagement with the Commission provided an opportunity to reinforce the shared responsibility of safeguarding Nigeria’s fiscal integrity and ensuring that public finance management remains sound, transparent and forward-looking.
Earlier, FRC Chairman Victor Muruako expressed gratitude to President Bola Tinubu for what he described as reform-driven leadership under the Renewed Hope Agenda, noting that the administration’s commitment to revenue optimisation, expenditure control and fiscal reforms had provided the necessary political backing for the Commission’s work.
Muruako, who has completed a five-year tenure at the helm of the Commission, said the FRC had strengthened regulatory oversight of government-owned enterprises, reinforced compliance with fiscal responsibility principles and safeguarded its institutional independence during periods of uncertainty.
He also thanked the Office of the Secretary to the Government of the Federation for its consistent support and collaboration, particularly during challenging periods.
The renewed directive on MTEF compliance comes amid ongoing efforts by the Federal Government to tighten fiscal governance, enhance revenue performance and improve budget implementation in line with broader economic reform measures.
